All Employees: Employment Services in North Carolina
SMU37000006056130001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
138.10
Year-over-Year Change
15.66%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the employment services industry in North Carolina. It provides insight into the labor market and economic conditions within the state.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The All Employees: Employment Services in North Carolina series tracks the number of individuals employed in the employment services sector, which includes businesses that provide temporary help, professional employer organizations, and employment placement agencies. This metric offers a window into the health and dynamics of North Carolina's labor market.
Methodology
The data is collected through monthly surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This indicator is useful for economists, policymakers, and businesses to assess employment trends and workforce conditions in North Carolina.
Key Facts
- North Carolina is a major hub for employment services in the Southeast U.S.
- Employment in this sector has grown steadily over the past decade.
- The employment services industry is a leading indicator of broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the employment services industry in the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and dynamics of North Carolina's labor market, making it useful for economists, policymakers, and businesses to assess employment trends and workforce conditions.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This indicator is used by economists and policymakers to assess employment trends and workforce conditions in North Carolina, which can inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical delay of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Employment Services in North Carolina (SMU37000006056130001A), retrieved from FRED.